Chime checking account review

Do you want to see a complete review of the Chime Checking account? From Responsible Economy we have carried out an analysis of all the features: fees, interest rate, welcome bonus, requirements and everything you need to know. You also have a comparison of the best checking accounts you can open in the United States in 2023. Welcome!

Video Chime checking account

We have also made a video with all the features offered by the Chime checking account. You can subscribe to support us and receive daily videos.

YouTube video
Chime Checking account

Features

In this section, we develop the characteristics of the Chime current account.

Monthly fees

There is no annual maintenance fee to pay. It is also not necessary to make any deposit to open the account.

Deposit minimum

It is not necessary to have a minimum balance in the checking account. You can open the account, leave a balance of 0 dollars and not have to pay anything.

Overdraft services

It does not have an overdraft service so if an invoice puts your balance in negative, it will be rejected. You can access the Spotme service to get a $200 overdraft but you must make a direct deposit.

Zelle

Chime does not have Zelle service.

Bonus

Chime does not offer a welcome bonus and it does not matter if you make direct deposits.

ATMs

You have more than 60,000 ATMs to make withdrawals without commissions. Get fee-free transactions at any MoneyPass ATM in a 7-Eleven location and at any Allpoint.

Wires

Chime does not provide information on the cost of wire transfers.

Rates

The Chime Savings account offers 2% APY. This is undoubtedly one of the highest interest rates in the entire United States.

Chime checking account features
Chime checking account features

Fees

We have made a list with all the commissions of the Chime checking account:

  • Monthly fees: $0
  • Overdraft services: $0
  • Wire transfers: no information
  • Zelle: Does not offer this service
  • ATMs: No fees at more than 60,000 ATMs

Requirements

The requirements to open the Chime checking account are the following:

  • Live in The United States
  • Must be ober 18 years old
  • Have a Social Security
  • Have an American number

Documents

The documents that chime will ask you to open your checking account are:

  • Driver’s license or social security number
  • Invoice with your name to verify that you live in the United States

How to open a checking account

Chime is an online bank so the only way to open a checking account is online. You can do it from a mobile phone or a computer. Remember that Chime does not have branches in the United States.

Best checking accounts in 2023

We have made a Chime comparison with the best checking accounts you can open in the United States in 2023:

Logo Chase
  • It is very easy to avoid monthly commissions
  • Welcome bonus of 200 dollars fulfilling conditions
  • More than 16,000 ATMs in the United States
  • $25 minimum deposit
  • Very low interest rates
Bank of America logo
  • It is very easy to avoid monthly commissions
  • More than 16,000 ATMs in the United States
  • $100 minimum deposit
  • No welcome bonus
  • High interest rates if you have a lot of savings
Wells Fargo logo
  • It is very easy to avoid monthly commissions
  • Nearly 12,000 ATMs
  • $25 minimum deposit
  • Welcome bonus of 300 dollars fulfilling conditions
  • High interest rates on CDs
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • No fees no direct deposits
  • More than 50,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs and Savings
Citibank-logo
  • Commissions of $10 if you do not meet requirements
  • No fees at Citibank ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs

Video with the best checking accounts 2023

We have made a video with the best checking accounts:

Best checking accounts in The United States

Pros and cons

We have made a table with all the advantages and disadvantages of Chime:

ProsCons
No monthly feesCash deposit
No minimum depositNo branches
More than 60,000 commission-free ATMs
Prons and cons of Chime checking account

Frequent questions

Here we answer all the questions you may have about Chime:

Conclusion and opinions

After the review, our opinion is that Chime is a competitive account because it has no fees, no direct deposits are necessary, you can withdraw money at more than 60,000 ATMs without fees, and it offers a 2% APY on your savings account. On the other hand, it does not have a Zelle service and neither does it have a welcome bonus.

More information about chime

We have made a table with information of interest about Chime:

InformationDescription
Websitehttps://www.chime.com/
Twitterhttps://twitter.com/chime
Facebookhttps://www.facebook.com/chime
Phone1-844-244-6363
Information about Chime

Finally, you have a related posts about checking accounts:

Updated the day 7 March, 2023 by Alfredo Barandiarán

¿De cuánta utilidad te ha parecido este contenido?

Haz click en una estrella para votar

Promedio de puntuación 5 / 5. Número de votos 2

Se el primero en dejar un comentario!

Latest posts by Alfredo Barandiarán (see all)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.